Canada's First Nationsare boosting investments and leveraging their clout withregulators to gain stakes in oil and gas projects as they seekgreater returns on energy produced or transported across theirterritory.Aboriginal groups in Canada have traditionally played a morepassive role in the energy industry, collecting royalties fromoil and gas output. That model is changing as some indigenousgroups buy oil wells and negotiate ownership stakes in proposedpipelines and storage projects. [Read more]
Headlines
Heavy crude discount narrows slightly, still above normal
The Canadian heavy oil discount narrowed on Thursday against the West Texas Intermediate benchmark, but the crude continued to trade at a wider discount than normal. Expanding oil production in Alberta, coupled with tight pipeline and rail capacity to move it, has increased the discount since late last year. The discount looks to diminish due to new deals being finalized between oil companies and railways and the start of operations at Alberta's Sturgeon Refinery, Scotiabank analyst [Read more]
Newalta and Tervita Agree to Merge to Create the Leading Energy-Focused Environmental Solutions Provider in Canada
Merger Creates Canada's Largest Energy-Focused Waste and Environmental Services Company Ability to Accelerate Growth with Combined Cash Flow Combination Expected to Generate $40-$45 Million in Annual Synergies Significant Potential Value Creation for Shareholders CALGARY, March 1, 2018 /CNW/ - Newalta Corporation ("Newalta") (TSX:NAL) and Tervita Corporation ("Tervita"), a private Alberta-based energy-focused waste and environmental services company, are pleased to announce that they have [Read more]
Crew Energy Inc. Announces Fourth Quarter and Full Year 2017 Financial and Operating Results and Executive Appointment
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Crew Energy Inc. (TSX:CR) (“Crew” or the “Company”) is pleased to announce our operating and financial results for the three and twelve month periods ended December 31, 2017. Crew’s full audited consolidated Financial Statements and Notes, as well as Management’s Discussion and Analysis (“MD&A”) for the three and twelve month periods ended December 31, 2017 are available on our website and filed on SEDAR. Q4 & FULL YEAR 2017 [Read more]
Vermilion Energy Inc. Announces Results for the Three Months and Year Ended December 31, 2017
March 1, 2018 CALGARY, March 1, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", "We", "Our", "Us" or the "Company") (TSX, NYSE: VET) is pleased to report operating and audited financial results for the three months and year ended December 31, 2017. The audited financial statements and management discussion and analysis for the three months and year ended December 31, 2017, will be available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com, on EDGAR [Read more]
Vermilion Energy Inc. Announces 2017 Year-End Summary Reserves and Resource Information
CALGARY, March 1, 2018 /CNW/ - Vermilion Energy Inc. ("Vermilion", the "Company", "We" or "Our") (TSX, NYSE: VET) is pleased to announce summary 2017 year-end reserves and resource information. The estimates of reserves and resources and other oil and gas information contained in this news release have been estimated by GLJ Petroleum Consultants Ltd. ("GLJ") effective as at December 31, 2017 and prepared in accordance with National Instrument 51-101 "Standards of Disclosure for Oil and Gas [Read more]
U.S. Henry Hub natural gas prices for February down from 2017
U.S. natural gas prices for February at the Henry Hub benchmark in Louisiana slipped below levels seen during the same month a year ago as production rose to a record high. That price decline occurred despite near normal temperatures and heating demand in February2018 compared with much warmer than normal weather and low heating demand during the same monthin 2017. Next-day gas prices averaged $2.67 per million British thermal units (mmBtu) in February2018. That compared with $2.82 during [Read more]
Bellatrix Announces 2017 Year End Reserves Highlighted by Low Cost Reserve Additions
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX:BXE) (NYSE:BXE) is pleased to announce its 2017 year end reserves, and an update of commodity price risk management and sales market diversification contracts. Reserves at December 31, 2017 were independently evaluated by InSite Petroleum Consultants Ltd. (“InSite”). The evaluation encompasses 100% of Bellatrix's oil and gas properties and was prepared in accordance with National [Read more]
Point Loma Resources Announces Agreement to Acquire Oil & Gas Assets
CALGARY, Alberta, March 01, 2018 (GLOBE NEWSWIRE) -- Point Loma Resources Ltd. (TSX VENTURE:PLX) (the “Corporation” or “Point Loma”) is pleased to announce that it has entered into a definitive agreement to acquire oil and gas assets from a private oil and gas company involved in a receivership process, effective date November 1, 2017 (the “Acquisition”). The purchase price of the Acquisition is subject to court approval and closing is anticipated to be in March, 2018. Highlights (figures [Read more]
Relentless Resources Announces Increase to Previously Announced Private Placement
CALGARY, ALBERTA--(Marketwired - March 1, 2018) - Relentless Resources Ltd. ("Relentless" or the "Company") (TSX VENTURE:RRL) is pleased to announce that, as a result of excess demand, the Company has increased the size of its previously announced private placement of units of the Company ("Units") from $7,500,000 to $8,250,000 (the "Private Placement"). As previously disclosed, each Unit will be comprised of one Common Share and, in the case of subscriptions by directors, officer and other [Read more]